Use this tool to build a cap table for free. Export it in pdf or Excel or save it to invite your shareholders. Ideal for early stage companies or startups.
Do you want to automate and digitize your cap table? With Capboard you can manage your startup's equity with all these benefits:
100% digital, all your shareholders will have the same version
Funding and exit simulations
Automate your equity plan
Document repository with a powerful user permission engine
Grant access to your lawyer to manage it directly
Building your first cap table for free only takes a few minutes, insert:
Once you have completed your cap table, you save it on Capboard, which would allow you to export it and to keep a digital version of your cap table, invite all your shareholders and manage your equity plans. This is free if your company has less than 25 shareholders.
It is not possible with our free cap table builder. However, if you sign up to Capboard, you will be able to add unlimited new share classes with different rights: vote rights, liquidation preference, anti-dilution…
If your company has received loans that could make the lender a shareholder of the company (convertible notes, venture debt) or the board has approved an equity plan for key employees, you can add the amount of shares your company will be issuing to cover them once you have saved the cap table. Those future equity commitments are the main difference between non-diluted and fully-diluted cap tables, as the latter take into account the different equity obligations.
Yes, investors would usually want to see your cap table at the beginning of the relationship to know how the equity is split as of today, who has invested before… but also to identify potential red flags that could make the deal not viable, like:
Investors will also take another look at your cap table throughout the due diligence, but this time they will check the supporting documents to double-check the calculations are correct.
The cap table needs to be updated every time there is a transaction that impacts or may impact the equity of the company, for example: funding rounds, convertible notes, venture debt, a new equity plan for key employees, warrants, a secondary transaction between shareholders…
If you have received capital from professional investors, you will be asked for the latest version of your cap table at least once a quarter, as they will have to report to their own investors (LPs) on the advances of their portfolio, the value of all the companies they have invested in, and so on.
With Capboard you can create your cap table digitally and for free if you have less than 25 shareholders.
If you are still looking for a cap table template for Excel, check this one out.